SKL
SKL/USDT BREAKOUT! READY FOR A 30-40% PUMP!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this SKL/USDT trade setup.
SKL looks good here. Breaks out from the bullish pennant in 1hr time frame. Long now and add more in dip.
Target:- 30-40%
SL:- $0.0345
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SKL break-outOn 1D TF, SKL has been in a falling wedge since almost two months (see screenshot below). Today, it broke out the wedge.
On higher time frame (1W), a bullish divergence can be seen: OBV and MFI increasing, CMF having broken its trendline. Moreover, an inverted hammer re-inforces a potential reversal (cf. the below screenshot).
The proposed setup is in chart with take-profits (dashed black lines) and stoploss (dashed red line).
SKLUSDT - Head and Shoulders Pattern SKLUSDT (12h Chart) Technical analysis
SKLUSDT (12h Chart) Currently trading at $0.0612
Buy level: Above $0.0617
Stop loss: Below $0.0444
Target 1: $0.0745
Target 2: $0.0908
Target 3: $0.115
Target 4: $0.150
Max Leverage 3x
Always keep Stop loss
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SKLUSDT 6H TA: Bullish if break As we can see in the chart, the downward trend line is broken and if it crosses the $0.051 area and makes a peak higher than the previous peak, we have the possibility of price increase up to the specified areas. Otherwise, the analysis will be updated.
Its not Buy or Sell SIGNAL
DYOR
BY : Mohamad Teriz - @AtonicShark
SKL Network is primed for a trend reversalThe Skale network may be primed for a trend reversal or corrective price pullback above 0.2$
The RSI indicates that Skl is preparing for pullback toward 0.25$.
Skale network Relative strength index regaining some ground after recently falling below RSI 40 and i think if Rsi could will go above 52 the price will resume running toward upward.